"Buffer-stock" versions of the dynamic stochastic optimizing model of saving are now standard in the consumption literature. This paper builds theoretical foundations for rigorous understanding of the main characteristics of buffer stock models, including the existence of a target level of wealth and the proposition that aggregate consumption growth equals aggregate income growth in a small open economy populated by buffer stock consumers.
| Edition | Availability |
|---|---|
1
Theoretical Foundations of Buffer Stock Saving
2004, National Bureau of Economic Research
electronic resource
in English
|
aaaa
|
Book Details
Edition Notes
November 2004.
Access restricted to subscribers.
Hardcopy version available to institutional subscribers.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.
The Physical Object
Edition Identifiers
Work Identifiers
Community Reviews (0)
Lists
Loading carousel